Orica (OTCMKTS:OCLDY) Shares Gap Down – Should You Sell?

Orica Limited (OTCMKTS:OCLDYGet Free Report)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $17.00, but opened at $15.8050. Orica shares last traded at $15.8050, with a volume of 128 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Orica to a “hold” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Read Our Latest Stock Analysis on OCLDY

Orica Price Performance

The company has a 50 day simple moving average of $16.61 and a 200-day simple moving average of $15.78.

About Orica

(Get Free Report)

Orica Limited is a leading global provider of commercial explosives and blasting systems to the mining, quarrying and construction industries. Headquartered in Melbourne, Australia, the company designs, manufactures and distributes a comprehensive range of bulk and packaged explosives, initiating systems, detonators and digital blasting solutions. Its offerings include ground support products, ventilation systems in underground mining and specialty chemicals that support safe and efficient rock fragmentation and material handling.

In addition to explosives, Orica supplies sodium cyanide for gold extraction, bulk emulsions and specialty ammonium nitrate products.

Featured Articles

Receive News & Ratings for Orica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orica and related companies with MarketBeat.com's FREE daily email newsletter.